TIL How The Teenage Bitcoin Millionaire Erik Finman Turned $1,000 From His Grandmother Into Millions

I have read a couple articles about Eric Finman becoming a bitcoin millionaire, but when I found out it all started with $1,000 he got from his grandmother i had to do some more research. Here is a summary of everything that I learned.

When Eric Finman, also known as the Teenage Bitcoin Millionaire, was just 12 years old, he made a deal with his parents. They agreed that he could leave school and pursue a different kind of education if he could turn $1,000 from his grandmother into $1 million.

Eric decided to invest it in Bitcoin when they were priced at a low $12 each. Two years later Bitcoin's value skyrocketed to $1,200 per coin, and his investment started to pay off.

To fund his online education startup called Botangle, Eric sold some of his cryptocurrency. Botangle provided video tutoring services and soon attracted the interest of investors.

Eric, who was only 15 at this time, sold the company to investors. They offered him two options: $100,000 in cash or 300 BTC. Surprisingly, he chose to take the BTC. By the time Eric turned 18 in June 2017, Bitcoin's value had surged to over $2,700.

Now, Eric Finman's estimated net worth is an impressive $4 million (at the time the article was published). In 2019, he launched Metal Pay.

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